Friday, November 1, 2013

10-18: O'Reilly, Walgreen's, AAP, Retail Center, Community Shopping Center



Welcome new investors.  Transmercial is the only company that offers this list of best properties between $700K to $20M in 50 states.  These properties are selected from 300-400 daily listings on CBRE, M&M, SVN, and various other sources.   Each property has a brief description and a flyer (attached).  Previous lists are posted on Transmercial’s blog after 2 weeks delay. Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number. 

Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+K/yr.
  • NOI: Net Operating Income.  It’s the income after all expenses (prop taxes, ins., maintenance) paid.
  • NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
  • NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

  1. O’Reilly Auto Parts in St. Petersburg, FL: 7000 SF newly constructed auto parts center on .83 ac corner lot. Close to new Walmart Supercenter. New 20 yrs NNN- lease. NOI $131K/yr with a 6% rent increase in year 11th. $2.198M. 6% cap.
  2. Walgreens’s in Lafayette, CO: 15,120 SF Walgreen’s on 1.72 ac lot at a hard corner location in high income (AHI $99K/yr in 1 mile) Denver suburbs. Close to Walmart Supercenter. 100% NNN- lease with 7+ yrs left. Tenant approached landlord to extend lease. NOI $331K/yr. $4.7M. 7.06% cap.
  3. Retail Center in Lauderhill, FL: 21,318 SF well maintained retail center on 2+ ac lot along major retail corridor. Close to North Shore Medical Center. 96% NNN leased to sixteen long term tenants with only one vacancy. NOI $264K/yr. $3.25M. 8.14% cap.
  4. Retail Center in Mesa, AZ: 18,500 SF recently renovated retail center on nearly 2 ac outparcel to Target. Across from 933,000 SF Fiesta Mall. Adjacent to Mesa Community College, near Banner Desert Medical Center and Hwy-60. 100% NNN leased. NOI $212K/yr. $2.712M. 7.85% cap.
  5. Strip Center in Chesapeake, VA: 8896 SF strip center redeveloped in 2011 on 1.29 ac lot in growing and high income Norfolk suburbs. Adjacent to 717,282 SF Chesapeake Square Mall. 100% leased to Sentara Medical Group, World of Nails and YourTime Fitness. NOI $178K/yr. $2.752M. 6.50% cap.
  6. Community Center in Marietta, GA: 88,369 SF attractive shopping center on nearly 10 acres of land in fast growing Atlanta metro. Shadow-anchored by Walmart Supercenter. Close to Town Center at Cobb and near I-575. 90% NNN leased. NOI $781K/yr. $8.75M. 8.93% cap.
  7. Shopping Center in West Covina, CA: 19,354 SF 3-building retail center on 1.59 ac lot in densely populated city in Los Angeles. Next to I-10 on/off ramp 100% leased. NOI $363K/yr. $3.925M. 6.96% cap.
  8. Advance Auto Parts in Fairfield, OH: 6720 SF auto center on .64 ac lot along Hwy-4 in Cincinnati suburbs. 100% NNN- lease with 6 yrs left. NOI $72K/yr. $900K. 8% cap.
  9. Retail Center in Houston, TX: 7776 SF attractive retail center built in 2001. Minutes from Downtown. Close to St. Joseph Medical Center, Hwy-59/288 and I-45. 100% leased. NOI $151K/yr. $2.55M. 6% cap.
  10. Retail Center in North Las Vegas, NV: 11,484 SF attractive six-units retail center built in 2005 on .85 ac lot along main corridor in growing and high income (AHI $80K/yr) area. $920K. NOI/Cap not provided. 

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